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ÿÿÿÿÿÿ Lernout & Hauspie Furthers Growth; Acquires Speech Specialists From Elan Informatique and Matra Nortel
ÿÿÿÿÿÿ ÿTUESDAY, FEBRUARY 22, 2000ÿ4:30ÿPM
ÿ-ÿBusinessWire
BURLINGTON, Mass. & IEPER, BELGIUM, Feb 22, 2000 (BUSINESS WIRE) --
<<<L&H Acquired Elan Informatique and Speech Resources From Matra Nortel; Investment Strengthens Resources, Brings Strong Patents and
Increases Company's Presence in France Lernout & Hauspie (NASDAQ: LHSP, EASDAQ: LHSP) (L&H(TM)) announced today that it has acquired speech engineering resources from Matra Nortel Communications, a speech processing developer widely recognized for its noise cancellation technologies, amongst others and all of the assets of Elan Informatique, a France-based text-to-speech (TTS) technology provider. The acquisitions will enhance L&H's existing technologies and solutions by adding Elan's TTS engine and Matra's patented noise cancellation and acoustical echo cancellation technology to L&H's award-winning family of multi-lingual speech recognition and text-to-speech engines. Additionally, the acquisitions will broaden L&H's European customer base and provide the company with increased research and development resources and expertise in these technologies....
....Moreover, consummation of the acquisitions are subject to certain conditions, including, the approval of the stockholders of Fonix.>>>
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